Posted on 09/04/2019 2:31:48 AM PDT by 2ndDivisionVet
It was recently reported that US President Donald Trump wants to buy Greenland, but what would he actually be getting for his money? Umar Ali takes a look at Greenland’s mineral resources, whether they are worth mining, and why the US could want them.
The Kvanefjeld project
Greenland currently only has one major mining project, the Kvanefjeld rare earth project launched in 2007. The project is centred on the Ilimaussaq alkaline complex in southwest Greenland, measuring approximately 8km x 15km, it is being developed by Australian company Greenland Minerals.
The Kvanefjeld project is thought to be one of the world’s biggest undeveloped resources of rare earth elements, with JORC 2012-compliant resources of one billion tonnes across three zones in the Ilimaussaq complex; Kvanefjeld, Sørensen and Zone 3.
It is claimed that the area is the world’s the sixth-largest deposit of uranium and the second-largest deposit of rare-earth oxides, with 11.1 million tonnes (Mt) of rare earth oxide and 593 million pounds of uranium. The complex also hosts a rare rock-type known as lujavrite.
These rare earth resources could be invaluable for the US, with the US-China trade dispute calling the US supply of rare earths into question. Rare earth metals are an essential material for electronics and China currently supplies around 95% of the world’s demand for rare earths, so it could be in the US’ interests to secure a supply of these metals.
The Kvanefjeld deposit, which is the only part of the project currently being developed, is estimated to hold 143Mt of measured resources alone.
The project’s pre-feasibility study was completed in May 2012, with the feasibility study being completed in May 2015. The mine is estimated to have an initial production life of 37 years, based on an ore processing rate of three million tonnes per annum.
(Excerpt) Read more at mining-technology.com ...
593 million pounds of uranium
Is that to make up for what Hillary gave away to the Russians?
If we don’t buy Greenland, then either China, Russia or the Saudis will.
Russia doesn’t buy anything. They steal.
That’s just one mine, not all of Greenland.
We should just take it
As stupid as Secretary Seward buying Alaska from Russia in 1867.
He can divide it into 40 acre plots, buy a few thousand lawn tractors and tell the Dems that here is the “40 acres and a mule” for any of their supporters who want reparations for slavery.
Build prisons and clean out our jails. Hard labor mining resources. Nice deterrent to a life of crime, Sent away for however long and no family visits until your time is up.
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